Business
Elemental Altus Announces Changes to Board Following Tether Investment
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2025) - Elemental Altus Royalties Corp.&#...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Altus Announces Changes to Board Following Tether InvestmentVancouver, British Columbia--(Newsfile Corp. - June 17, 2025) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) (\"Elemental Altus\" or the \"Company\") is pleased to announce the appointment of new directors to the Company (the \"Appointment\"), effective immediately, reflecting the acquisition of a 37.8% stake in the Company by Tether Investments S.A. de C.V. (\"Tether\") and the right to acquire a total of 51.8% of the Company's issued and outstanding common shares. Prior to the Appointment, the Company's board of directors consented to Tether's exercise of its option over the Company shares held by Alpha 1 SPV.Tether's investment in the Company reflects an expanding commitment to real-world assets that deliver stability, scalability and long-term value, recognizing Elemental Altus' disciplined royalty strategy and exposure to gold as a resilient store of value.Director AppointmentsNew Executive Chairman Juan Sartori and non-executive directors Simon Vumbaca, and Ravi Sood have been appointed to the Board, alongside existing members Sandeep Singh and Prashant Francis. Frederick Bell, who will continue as CEO of the Company, John Robins, Martin Turenne, Matthieu Bos, and Vincent Benoit have agreed to step down.These appointments are subject to ratification by shareholders at the upcoming Annual General Meeting.\"We are pleased to welcome our new directors as we enter an exciting phase of growth for the Company,\" said Frederick Bell, CEO. \"With a streamlined Board, renewed ambition to scale the business and the support of Tether, the Company is in a unique position to expand its portfolio of predominantly gold royalties. As we look ahead, we also extend our sincere gratitude to the outgoing directors whose guidance and dedication over the years have been instrumental in the Company's development. They leave the Company in the strongest financial position in its history, providing a solid foundation for the future.\"Juan Sartori, newly appointed Executive Chairman, added: \"The opportunity to invest in and support the Company at this pivotal point is an important milestone in Tether's strategy to increase its exposure to gold. Elemental Altus' management team has built a strong foundation through disciplined execution and we look forward...